Apple Reports Record Q2 FY2026 Results: Revenue Hits $111.2 Billion, EPS Up 22%
Apple's Q2 report shows record March quarter revenue and EPS, driven by iPhone and Services, with a new $100 billion buyback authorized.
US technology company Apple (Apple Inc.) released its financial results for the second quarter of fiscal year 2026 on April 30, 2026, covering the period ended March 28, 2026. The report shows total quarterly revenue reached $111.2 billion, up 17% year-over-year, marking the best March quarter in Apple's history. Diluted earnings per share were $2.01, an increase of 22% compared to the previous year.
CEO Tim Cook noted that extraordinary demand for the iPhone 17 product family drove the record revenue, while the Services segment achieved another all-time high. CFO Kevan Parekh added that operating cash flow exceeded $28 billion this quarter, also setting a new record for a March quarter.
Regarding capital returns, Apple's board declared a dividend of $0.27 per share, a 4% increase, and approved an additional stock repurchase program worth up to $100 billion. These actions reflect the company's ability to continue returning significant cash to shareholders while maintaining high growth.